Perdoceo Education (NASDAQ:PRDO) Releases FY 2024 Earnings Guidance

Perdoceo Education (NASDAQ:PRDO) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 2.250-2.280 for the period, compared to the consensus estimate of 2.190. The company issued revenue guidance of -. Perdoceo Education also updated its Q4 guidance to $0.43-0.46 EPS.

Analysts Set New Price Targets

PRDO has been the subject of a number of analyst reports. Barrington Research upped their price target on Perdoceo Education from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday. StockNews.com upgraded Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research note on Thursday.

Perdoceo Education Trading Down 5.9 %

Shares of NASDAQ:PRDO opened at $26.30 on Friday. The firm has a market cap of $1.73 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 0.82 and a beta of 1.04. Perdoceo Education has a 12-month low of $16.12 and a 12-month high of $29.47. The company has a fifty day simple moving average of $22.16 and a 200 day simple moving average of $22.36.

Perdoceo Education (NASDAQ:PRDO) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. Perdoceo Education had a return on equity of 15.58% and a net margin of 20.42%. The business had revenue of $169.83 million during the quarter, compared to the consensus estimate of $164.60 million. During the same period last year, the firm earned $0.64 earnings per share. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. As a group, equities research analysts forecast that Perdoceo Education will post 2.27 EPS for the current fiscal year.

Perdoceo Education Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Monday, December 2nd. Perdoceo Education’s dividend payout ratio (DPR) is presently 26.13%.

Insider Buying and Selling at Perdoceo Education

In related news, insider Michele A. Peppers sold 6,476 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $21.00, for a total transaction of $135,996.00. Following the completion of the transaction, the insider now directly owns 61,952 shares in the company, valued at $1,300,992. This represents a 9.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.81% of the stock is owned by insiders.

Perdoceo Education Company Profile

Perdoceo Education Corporation provides postsecondary education through online, campus-based, and blended learning programs in the United States. It operates in two segments, Colorado Technical University and The American InterContinental University System. The Colorado Technical University segment offers academic programs, such as business and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity, and criminal justice.